In this episode of Bitcoin, Explained, Aaron (@AaronvanW) and Sjors (@provoost) explain why the witness discount was included in the Segregated Witness protocol upgrade from 2017, why this discount is 75%, and why this discount still makes sense in today’s world where Inscriptions benefit from it.

In this episode of Bitcoin, Explained, Aaron (@AaronvanW) and Sjors (@provoost) explain Partially Signed Bitcoin Transactions (PSBTs), discussing what problems they solve, how they work, and some of the ways they are used. In the last part of the episode, the hosts zoom in on one particular PSBT use case called Dutch Auctions, which Bitcoin Magazine recently used to sell ordinals.

Episode Sponsor: https://voltage.cloud/

Sjors New Book: https://www.amazon.com/Bitcoin-Technical-innovations-Sjors-Provoost/dp/9090360425

Don't miss out on the biggest Bitcoin event of the year! B23 in Miami is coming up fast, get your tickets now!

Lower your time preference and lock-in your BITCOIN 2023 conference tickets today! Use the code BMLIVE for a 10% Discount!  - https://b.tc/conference/2023

In this episode of Bitcoin, Explained, Aaron and Sjors discuss BIP 324, the proposal by Dhruv, Pieter Wuille and Tim Ruffing to add peer-to-peer (P2P) encryption to the Bitcoin protocol. They explain why this is needed, how it would work, and which problems it would, and wouldn’t solve.

Episode Sponsor: https://voltage.cloud/

Sjors New Book: https://www.amazon.com/Bitcoin-Technical-innovations-Sjors-Provoost/dp/9090360425

Don't miss out on the biggest Bitcoin event of the year! B23 in Miami is coming up fast, get your tickets now!

Lower your time preference and lock-in your BITCOIN 2023 conference tickets today! Use the code BMLIVE for a 10% Discount!  - https://b.tc/conference/2023

In this episode of Bitcoin, Explained, Aaron and Sjors explain Stamps, a new(?) protocol to upload images onto the Bitcoin blockchain, which end up in the UTXO set.

In this episode of Bitcoin, Explained, Aaron and Sjors discuss multi-signature (multisig), and the various ways that Bitcoin enables multisig; from bare multisig, to P2SH, SegWit, Taproot, and finally Musig, as well as some potential future solutions.

In this episode of Bitcoin, Explained, Aaron and Sjors explain pay-to-script-hash (P2SH), which allows bitcoin to be sent to and from the hash of a script. Besides (the current implementation of) P2SH itself, Aaron and Sjors also discuss some alternatives that were proposed around the time that P2SH was adopted in 2012.

For further reading on the history of P2SH, also see "The Battle for P2SH: The Untold History of Bitcoin’s First War"

Episode Sponsor: https://voltage.cloud/

Sjors New Book: https://www.amazon.com/Bitcoin-Technical-innovations-Sjors-Provoost/dp/9090360425

Don't miss out on the biggest Bitcoin event of the year! B23 in Miami is coming up fast, get your tickets now!

Lower your time preference and lock-in your BITCOIN 2023 conference tickets today! Use the code BMLIVE for a 10% Discount! 

In this episode of Bitcoin, Explained, Aaron and Sjors explain OP_VAULT, a proposed op code that would enable an elegant type of vaults through Bitcoin’s scripting language.

For more information, also see:

https://jameso.be/vaults.pdf

https://github.com/bitcoin/bips/blob/c589490f98ba1b0c606d0e2030463f1fde54b786/bip-vaults.mediawiki

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Episode Sponsor: https://voltage.cloud/

Sjors New Book: https://www.amazon.com/Bitcoin-Technical-innovations-Sjors-Provoost/dp/9090360425

Don't miss out on the biggest Bitcoin event of the year! B23 in Miami is coming up fast, get your tickets now!

Lower your time preference and lock-in your BITCOIN 2023 conference tickets today! Use the code BMLIVE for a 10% Discount! https://b.tc/conference/2023

In this episode of Bitcoin, Explained, Aaron and Sjors explain Inscriptions, a new method to upload arbitrary data onto the Bitcoin blockchain.

Episode Sponsor: https://voltage.cloud/

Sjors New Book: https://www.amazon.com/Bitcoin-Technical-innovations-Sjors-Provoost/dp/9090360425

Don't miss out on the biggest Bitcoin event of the year! B23 in Miami is coming up fast, get your tickets now!

Lower your time preference and lock-in your BITCOIN 2023 conference tickets today! Use the code BMLIVE for a 10% Discount! https://b.tc/conference/2023

In this episode of Bitcoin, Explained, Aaron and Sjors discuss the different types of timelocks available on Bitcoin (and what can go wrong when used incorrectly).

Episode Sponsor: https://voltage.cloud/

Sjors New Book: https://www.amazon.com/Bitcoin-Technical-innovations-Sjors-Provoost/dp/9090360425

Lower your time preference and lock-in your Bitcoin 2023 conference tickets today!!! Use promo code BMLIVE to save 10% off your conference tickets today!!!

https://b.tc/conference/bitcoin2023

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Aaron and Sjors explain how a wallet bug crept into the Bitcoin Core 24.0 release, and why there is now a Bitcoin Core version 24.0.1 available.  

Episode Sponsor: https://voltage.cloud/ 

Sjors New Book: https://www.amazon.com/Bitcoin-Technical-innovations-Sjors-Provoost/dp/9090360425

Lower your time preference and lock-in your Bitcoin 2023 conference tickets today!!! 

Use promo code BMLIVE to save 10% off your conference tickets today!!! https://b.tc/conference/bitcoin2023 

Follow us on Twitter: 

- https://twitter.com/bitcoinmagazine

- https://twitter.com/videobitcoin